This is the replication package for "The Role
of Pilot Studies in Financial Regulation".

To run the R code that generates the tables and graphics: 

1. unzip data-appendix.zip. This will create 5 subdirectories for the
   5 groups of downloaded SEC files (secprop, secrules, secother,
   finra, pr). Note that these files will occupy more than 1 gb of
   space
2. compile the file tf-analysis.qmd. This can be accomplished either
   by loading it into RStudio and compiling, or using quarto at the
   command line: `quarto render tf-analysis.qmd`. Because file paths
   in the code are relative to the unzip directory, It's important to
   compile this file from the directory in which you unzipped.


